Mashantucket Pequot Tribe to start roadshow Monday for $500 million eight-year notes

By Paul A. Harris

St. Louis, Nov. 2 - The Mashantucket Pequot Tribe will begin a roadshow on Monday for its $500 million offering of eight-year taxable notes (Ba1/BB+), according to an informed source.

The roadshow is scheduled to wrap up on Thursday, with the notes expected to price that same day.

Merrill Lynch & Co. and Morgan Stanley are joint bookrunners for the Rule 144A offering. RBS Greenwich Capital and Wells Fargo Securities are co-managers.

The notes will come with four years of call protection.

Proceeds will be used to repay debt, to fund capital expenditures and for general corporate purposes.

The Mashantucket Pequot Tribal Nation owns and operates the Foxwoods gaming facilities in Connecticut.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.